Giant Grosmont Petroleums Ltd.

Giant Grosmont Petroleums Ltd. filed an assignment into bankruptcy on October 1, 2019, with BDO Canada Limited acting as trustee under the Bankruptcy and Insolvency Act in the Court of King's Bench of Alberta. The estate remains open. The trustee's updated Statement of Receipts and Disbursements (unaudited) as at April 22, 2022 reports approximately $117,000 in residual funds in the trustee's trust account, net of final professional fees not yet deducted, and the trustee is not aware of any secured claims or claims subject to a deemed trust. Proven unsecured claims include $303,101.73 filed by Cenovus Energy Inc., substantially all for the company's proportionate share of abandonment, remediation and reclamation work Cenovus carried out, and $52.32 filed by Canadian Natural Resources Limited. The AER has calculated estimated end-of-life obligations of $57,588.60 on AER Reflected Interests, treated by the trustee as an unsecured contingent obligation, of which $13,438.95, approximately 23%, is disputed by Mr. Watson.